The Fair Share Report
8 Third St
Freehold, NJ 08514
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $449,131 – $661,066, from 12 comparable Freehold sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Freehold assessments sit below market value — republished every October, applied town-wide. A $555,264 home should be assessed near $524,947.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,753 above what the ratio math suggests (3.0%).
Step 4 · The tax rate — same for every Freehold home
$1.037 Schools · 52% $0.196 County · 10% $0.771 Town · 38%
This home's own bill implies $1.697 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Freehold sale · assessed ÷ market
76%126%
Paying about right
This home's ratio lands inside Freehold's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 21 BROADWAY | 2026-04 | $750,000 | 1,583 | 76.1% |
| 40 UNION AVE | 2025-06 | $500,000 | 1,744 | 102.4% |
| 52 MONMOUTH AVE | 2025-02 | $450,000 | 1,528 | 113.8% |
| 33 KIAWAH AVENUE | 2025-03 | $565,000 | 1,610 | 100.0% |
| 13 MC LEAN STREET | 2025-05 | $475,000 | 1,440 | 83.7% |
| 63 WAYNE AVE | 2025-06 | $490,000 | 1,404 | 105.9% |
| 32 BROADWAY | 2025-05 | $760,000 | 1,937 | 83.8% |
| 33 MURRAY ST | 2025-01 | $460,000 | 1,688 | 118.1% |
| 47 WEST GEORGE STREET | 2025-05 | $430,000 | 1,368 | 114.6% |
| 13 BRENTWOOD AVENUE | 2025-01 | $605,000 | 1,500 | 94.0% |
| 1 BRIAR ROAD | 2026-05 | $620,000 | 1,500 | 87.9% |
| 15 SHERIFF ST | 2025-01 | $495,000 | 1,738 | 87.8% |
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